XRP Tests 50-Week EMA Near $1.56, Setting Up Two Q4 Scenarios
- —XRP at $1.5625 sits just 2.5% above the 50-week EMA at $1.5238
- —The $1.50-$1.60 zone is the key weekly resistance defining both scenarios
- —A move to $1.80 implies +15.2%, while $2.00 requires +28%
- —A weekly close above $1.60 would weaken the rejection scenario
Why it matters: The weekly close relative to $1.60 will determine whether XRP extends toward $2 or enters a Q4 correction.
Source: The Crypto Basic